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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands
6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
OPERATING ACTIVITIES:    
Net income $ 46,847 $ 35,747
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 12,311 14,398
Amortization of intangibles 3,195 2,505
Stock-based compensation 3,040 2,780
Non-cash inventory charge (see note 3) 3,678  
Excess tax benefit on stock-based compensation (3,685) (688)
(Gain) on sale of assets (100) (323)
Changes in operating assets and liabilities:    
Accounts receivable (18,886) (30,785)
Inventories (1,475) (9,180)
Accounts payable 5,851 4,936
Accrued expenses (including post-retirement) 581 (5,354)
Accrued payroll and severance (7,437) (1,715)
Accrued taxes 2,888 11,439
Prepaid expenses and other (739) 2,376
Net cash provided by in operating activities 46,069 26,136
INVESTING ACTIVITIES:    
Purchases of property, plant, and equipment (10,559) (7,155)
Business acquisition settlement 50  
Proceeds from sale of assets 253 4,714
Net cash (used in) investing activities (10,256) (2,441)
FINANCING ACTIVITIES:    
Proceeds from debt 85,000 6,845
Payments of term debt (49,000) (4,000)
Payments of revolving credit facility (40,000) (11,206)
Debt issuance costs (716)  
Cash dividends paid (6,613)  
Proceeds from exercise of stock options 20,673 7,482
Excess tax benefit on stock-based compensation 3,685 688
Net cash provided by (used in) financing activities. 13,029 (191)
Effect of exchange rate changes on cash and cash equivalents 5,362 (6,176)
Increase in cash and cash equivalents 54,204 17,328
Cash and cash equivalents at beginning of period 109,720 70,354
Cash and cash equivalents at end of period $ 163,924 $ 87,682